Reviews

Asset Financing

Financing for motorcycles (boda boda), tuk-tuks, machinery and business equipment. Asset-backed loans from banks and specialized lenders in Kenya. Asset financing in Kenya lets individuals and businesses acquire a specific income-generating or opera

Found 7 reviews

KCB Bank Kenya offers personal loans to salaried employees with repayment periods of up to 48 months. The bank applies risk-based pricing, meaning the rate offered depends on the applicant's credit hi…

  • Largest bank in East Africa with an extensive branch and ATM network
  • Repayment terms of up to 48 months ease monthly cash flow
4.3
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Absa Bank Kenya (formerly Barclays Bank of Kenya) offers personal loans of up to KES 5,000,000 to qualifying salaried individuals. The product targets mid-to-high income earners and requires salary ch…

  • Loan amounts up to KES 5,000,000 suit larger financing needs
  • Backed by the international Absa Group's banking standards
4.2
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Mwananchi Credit is one of Kenya's leading logbook lenders, offering vehicle-secured loans of between KES 50,000 and KES 5,000,000. The company retains the vehicle logbook as security while the borrow…

  • Allows the borrower to keep using the vehicle while it secures the loan
  • Loan amounts can scale up significantly for higher-value vehicles
4.2
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Momentum Credit offers logbook-secured loans of up to KES 4,000,000 to vehicle owners in Kenya, with disbursement typically within 24 hours of application approval and vehicle valuation. The lender al…

  • Fast disbursement, typically within 24 hours of valuation
  • Borrower retains use of the vehicle throughout the loan term
4.1
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Premier Credit provides logbook loans to vehicle owners in Kenya, with loan amounts starting at KES 30,000 and reaching up to KES 3,000,000 based on the vehicle's assessed market value. The company pr…

  • Wide loan range from roughly KES 30,000 up to KES 3,000,000
  • Borrower keeps using the vehicle during the loan term
4.0
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Platinum Credit offers logbook loans and salary advance products in Kenya, with logbook facilities of up to KES 5,000,000 for qualifying vehicles. The lender accepts a broad range of personal and comm…

  • Accepts a broad range of personal and commercial vehicles as security
  • Loan ceiling of up to roughly KES 5,000,000 for qualifying vehicles
4.0
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Watu Credit operates in the asset finance and logbook lending segment in Kenya, targeting vehicle owners who require fast access to secured credit. Loan amounts range from KES 30,000 to KES 3,000,000 …

  • Rapid processing time relative to bank-secured vehicle loans
  • Borrower retains use of the vehicle during the loan term
3.9
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Guide: Asset Financing

Financing for motorcycles (boda boda), tuk-tuks, machinery and business equipment. Asset-backed loans from banks and specialized lenders in Kenya.

Asset financing in Kenya lets individuals and businesses acquire a specific income-generating or operational asset - commonly motorcycles (boda bodas), tuk-tuks, commercial vehicles, machinery or business equipment - using the asset itself as security for the loan, similar in structure to a logbook loan but typically arranged at the point of purchase rather than against an asset already owned outright.

Asset finance is offered by commercial banks and specialised lenders regulated by the Central Bank of Kenya, as well as by some SACCOs and microfinance banks as part of their broader business lending products. Because the financed asset itself serves as collateral, lenders generally require a deposit (commonly 10%-30% of the asset's value), proof of the borrower's ability to service the repayment (income or expected business revenue from the asset), national ID, KRA PIN and, for business assets, evidence of the intended commercial use.

Boda boda and tuk-tuk financing has become a particularly active segment given the scale of motorcycle taxi operations across Kenya, with several banks and specialised lenders offering structured repayment plans tied to the vehicle's expected daily earnings. Machinery and equipment financing for larger businesses follows a similar logic but with longer terms and larger amounts, often integrated into a bank's broader SME/business loan offering. Rates and terms vary by asset type, lender and the borrower's credit profile, and should be compared alongside the asset's total cost of ownership (insurance, maintenance, licensing) rather than evaluated on financing cost alone.

The typical process involves identifying the specific asset (often in partnership with an approved dealer), submitting identification and income/business documents, agreeing a deposit amount, and having the lender register its security interest over the asset - commonly through the Movable Property Security Rights Registry for vehicles and equipment - before releasing funds to the dealer or seller. As with logbook loans, missing repayments risks repossession of the financed asset, so matching the repayment schedule realistically to the expected income the asset will generate is essential before committing.

FAQ about Asset Financing

A logbook loan borrows against a vehicle you already own outright. Asset financing is typically used to acquire a new asset — a motorcycle, vehicle or equipment — with the asset itself serving as security until the facility is fully repaid.
Yes. Several specialist lenders, including Watu Credit, focus specifically on motorcycle and small commercial vehicle financing, generally requiring a national ID, KRA PIN and evidence you can generate income from operating the asset.
The lender can repossess the financed asset — motorcycle, vehicle or equipment — to recover the outstanding balance, since the asset itself serves as security for the facility.

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